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Canadian banks

With the recent rally in gold prices, maybe you’ve found that your favourite gold dealers were backed up with 3 and 4 week waits on delivery.  Now there’s another alternative for Canadian clients – you can purchase gold directly, online, through Scotiabank’s foreign exchange division, ScotiaMocatta.
It’s not surprising that Canada, home to many of the [...]

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This week of August 24-28, all the talk on Bay Street is about the Big 6 Canadian banks reporting fiscal Q3 (third quarter) earnings.  Earnings results of the Big 5 are important to many Canadian investors, who are almost all invested in one or more of these banks through their pension and broad-based mutual funds [...]

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The Canadian business news equivalent of “if it bleeds, it leads” has got to be the quarterly earnings reports of the Big Five banks.  This week it’s the Royal Bank of Canada, reporting its first losses since 1993.
It’s one seeming irony that Heather Scoffield has pointed out – for so long it’s been the other [...]

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Last month I invested in Telus (for its growth and rising dividends), Suncor (needs no explanation, I hope), RioCan (extremely cheap pricing right now) and Canadian General Investments (just because I haven’t given it attention in a while).
This month’s DRIPs include Scotiabank (BNS), TransAlta (TA) and TransCanada (TRP).  It’s partly because their investment dates are [...]

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He’s coming to visit Ottawa tomorrow (February 19, 2009) but it appears he’s doing his homework first.  Check out this piece, from an interview he did today with Canada’s CBC.
I’ll quote part of it here in case that link disappears.
Obama Praises Canadian Banking System
“One of the things that I think has been striking about Canada [...]

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Today the Dow Jones Industrial Average (DJIA) closed at 7552.60.  The market low we had back in November 2008, that is, the lowest that the autumn crash gave us, was 7552.29.  So, the BNN commentators were right last month when they said those lows might still be retested.  I just wonder whether the Dow is [...]

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According to a report studied by Eoin Callan of Canada’s Financial Post, the Bank of Nova Scotia (TSE: BNS) has “emerged during the credit crisis as one of the top 10 most stable banks in the world, according to a global ranking of the financial sector.”  Moreover, in even more shocking news (if you recall [...]

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